Whether you own an apartment in a metropolis or a two-story house behind the picket fence in a suburb, you can benefit from investing in it. If you are ever in financial need or wish to venture into the real estate business, you can sell your house at an attractive price.
Remember that the resale value of your home depends on several factors. Some of them are out of control, such as your house’s location, school district, the cost of living in your area, the current state of the real estate market, or the amenities near your house. Suppose your home is located in some sunny country. In that case, you can increase your home’s resale value by making it energy efficient and lower your electricity bills by installing solar systems like solar installations in the Sunshine state. However, you can influence your house’s value by making certain modifications:Anchor: solar installations in the Sunshine state
1. Make It Energy Efficient
Making your house energy efficient increases its value in two ways. Firstly, customers prefer buying houses with low maintenance and operating costs. As energy-efficient houses save money on utility bills, they are more in demand. Secondly, environmentally conscious customers seek to reduce their carbon footprint and live sustainably, and an energy-efficient house helps them do so.
You must ensure your house is sufficiently energy efficient. If you are selling your appliances with the house, you will get a better quote on energy-efficient ones. You can also upgrade your home’s insulation and get it air-sealed by a professional to conserve heat, or you can get a thermostat that can sense the temperature and turn itself off when it is not needed.
Conventional roofs can heat up considerably on a sunny day, with temperatures reaching as high as 150 degrees Fahrenheit. This requires more air conditioning to cool the house. Consider getting a cool roof that reflects much of the sunlight instead of absorbing it, saving energy by lowering the need for air conditioning.
Your goal must be to have your house modeled according to an ultra-efficient home design which includes using energy-efficient construction, appliances, lighting, and power generation. Use solar energy to generate electricity or heat water. Use effective landscaping strategies to lower your energy requirements: the correct placement and type of plants can considerably cool your home and reduce your reliance on central heating.
2. Renovate Your Kitchen and Bathroom
Renovating key areas, like your kitchen and bathroom, can increase your home’s value. Make sure you choose a functional layout with ample storage: your kitchen must have enough room to go around. For bathroom renovations, consider getting upgrades like smart showers, which allow for precise temperature control during showering, or heated floors to quickly warm feet up to increase your resale value.
3. Work on Curb Appeal
While the house’s interior is fundamental to its price, its look from across the street also influences its value. You can get a fresh coat of paint, manicure your lawn, and colorful, flowering plants to your garden or pots. Consider different landscaping styles and use outdoor decorations. And add suitable outdoor lighting to accentuate your curb appeal at night. Replacing your home windows and doors with energy-efficient and aesthetically pleasing new designs will also enhance its curb appeal and functionality.
4. Utilize the Basement and Attic Space
Homeowners usually leave the basement and attic unfinished, but renovating them can enhance their house’s price. Set up a budget to renovate your attic and your basement and decide how you will use this space. You can set up a gym in your basement, add a bedroom, add a dedicated laundry space, or set up a kid’s playroom.
You must also conduct a moisture test, as trapped moisture can lead to mold growth, damaging the house and hurting your resale value. If your moisture levels are too high, you may need to install a dehumidifier. Make sure to insulate your basement well and take care of your electrical and plumbing systems.
5. Get All Repairs Done
If your house needs any repairs, its value will go down. Getting any needed repairs and fixing structural damages promptly is a good way to increase your home’s resale value. Over time, your walls and ceilings may accumulate cracks and damages that will impact the home’s resale value. Fill superficial cracks yourself and get an inspector to inspect your foundation on time.
You must also check for water damage in your walls. You may have a mold infestation if you notice any discoloration or smell. Mold reduces your resale value and damages your house’s structural integrity in the long term. Get your house de-molded and all repairs done before selling to ensure you get the best price.
Your house is an important asset, and you should improve its market price. You can get upgrades that make it more energy efficient, work on its curb appeal and make any pending repairs timely. You should also renovate your kitchen, basement, and bathroom and leave no unfinished space to increase your house’s value to the max.
Additionally, you can always refer to an online property value guide to improve your home’s rate even more